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Guideline Value

Corporate

Guideline Value for Rajivgandhi Nagar & Streets

₹2400/sq.ft.

The guideline value for Rajivgandhi Nagar & Streets in Malligaicherry village (Konnur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2250 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Malligaicherry

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1507 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2250 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Rajivgandhi Nagar & Streets

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Rajivgandhi Nagar & Streets guideline value

The current guideline value for Rajivgandhi Nagar & Streets is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in Malligaicherry village under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Rajivgandhi Nagar & Streets has changed

The guideline value for Rajivgandhi Nagar & Streets has undergone several revisions over the years. The 2012 revision set the value at Rs 2,250 per sq.ft, which was then reduced to Rs 1,507 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,250 per sq.ft, and the most recent 2024 revision set it at Rs 2,400 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Between the revisions, the changes were significant. From 2017 to 2023, there was a notable increase of 49%. The transition from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, there has been an increase of 7% in the guideline value.

Guideline values in Malligaicherry

In Malligaicherry, there are 49 streets under the Konnur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft. The median value is Rs 2,400 per sq.ft, which is equal to the 2024 figure for Rajivgandhi Nagar & Streets.

Stamp duty and registration fee for property in Rajivgandhi Nagar & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty, charged at 7%, would be Rs 1,68,000, and the registration fee, charged at 2%, would be Rs 48,000. Together, these fees amount to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rajivgandhi Nagar & Streets?

The Sub Registrar Office that covers Rajivgandhi Nagar & Streets is the Konnur Sub Registrar Office. The address is Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Malligaicherry

The guideline value plays a crucial role in the registration process when buying or selling property in Malligaicherry. It is the basis for calculating stamp duty and registration fees, which are mandatory for legal property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to determine the applicable duties. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Rajivgandhi Nagar & Streets?

The current guideline value for Rajivgandhi Nagar & Streets is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase of 7% from Rs 2,250 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024.

What is the classification of land in Rajivgandhi Nagar & Streets?

Rajivgandhi Nagar & Streets is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Rajivgandhi Nagar & Streets?

The Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Rajivgandhi Nagar & Streets?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,68,000.